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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (6465)	8/10/1998 11:40:00 AM
From: MGV	Respond to of 22640

Armin, I also noticed that incongruency. You almost have to believe in reading tea leaves to hope to be that deft in getting out and then back in. Its more of a commentary on people's perception of the stock market in the late-'90's. Its a cause to worry. Regarding TBR price action, I suppose it can go lower here but, the value in a stock that faces 20%+ revenue growth prospects and has a forward PE of under 10 makes this downturn look increasingly like the flip side of "irrationally exuberant." I'm on the sidelines but poised to buy (more).